Italy 10-year bond yields rise back above 7%

Nov. 15, 2011, 6:43 a.m. EST The 7% level is seen as psychologically important, marking the point at which Portugal and Greece were effectively shut out of credit markets. The 10-year yield soared well above 7% last week amid political turmoil and a hike in margin requirements for bond traders before retreating. The yield on 10-year Spanish government bonds ES:10YR_ESP +0.18% rose 17 basis points to 6.25%, while France's 10-year yield FR:10YR_FRA +0.19% rose 15 basis points to 3.58% and Belgium's 10-year yield BE:10YR_BEL +0.19% rose 19 basis points to 4.79%